HomeMy WebLinkAbout20070817News release, customer notice.pdfNEWS RELEASE
And
CUSTOMER NOTICE
CASE NO. INT-G-O7-
INTERMOUNTAIN GAS COMPANY
Idaho Pu~lic Utilities Commission
Office of the Secretary
RECEIVED
AUG 1 6 2007
Boise. Idaho
Idqho Public Utilities Commission
Office of the Secretary
RECEIVED
EXECUTIVE OFFICES
AlJG 1 6 2007
INTERMOUNTAIN INDUSTRIES, INC.
555 SOUTH COLE ROAD. P.O. BOX 7608 . BOISE, IDAHO 83707 . (208) 377-6000 . FAX: 377-6097 Boise. Idaho
NEWS RELEASE Contact: Brent Wilde
Director- Marketing &
Industrial Services
(208) 377-6053August 16, 2007
Today, Intermountain Gas Company ("Intermountain ) filed its annual Purchased Gas Cost Adjustment ("PGA"
Application with the Idaho Public Utilities Commission ("IPUC") seeking to decrease prices to its residential and commercial
customers. This type of Application is filed each year to ensure that the costs that Intermountain is incurring on behalf of its
customers are properly reflected in its sales prices. In its Application, Intermountain requests permission to adjust its prices
to reflect the costs it expects to incur for natural gas supplies.
William C. "Bill" Glynn, President of Intermountain Gas Company, said
, "
The short-term natural gas supply picture is
strong. This decrease reflects the downward pricing pressures on domestic supplies of natural gas. This is due, in part, to
the increased number of drilling rigs searching for new supplies as well as increased production both from new wells and
better production techniques." Commenting further Glynn said
, "
Intermountain continues to support changes to our national
energy policy that permit additional domestic energy production both on and off our American shore. We also remain
committed to manage the purchasing and pricing of the resources we have so as to provide this low cost energy. This effort
has resulted in us not changing the unit price for the costs associated with the delivery of natural gas to residential
customers for over 25 years.
Glynn went on to say, "We are pleased to be able to offer to our residential and commercial customers this
decrease, however, Intermountain continues to urge all its customers to be conscious of their energy usage and use all
energy wisely. Helpful tips on energy conservation and government energy-payment assistance are provided through bill
inserts, as well as on the Company s website (www.intQas.com). We also have a number of programs to help our customers
level out their energy bills over the year, and stabilize the potential impact that cold weather will have during periods of higher
natural gas usage.
If this proposed adjustment is approved, residential customers using natural gas for heating and water heating could
experience a $6.00 decrease (8.1 %) on an average monthly bill. Those residential customers using natural gas for space
heating only could experience a $4.00 decrease (7.5%) on their monthly bill. Commercial business customers could realize an
average monthly bill decrease of $29.00 (8.7%). Industrial customers who only use Intermountain s delivery service, but do
not purchase their natural gas from the Company, will experience an average increase of 9.5% or $0.004 per therm delivered.
If approved as filed, the Company s total net revenue will decrease by approximately $25.4 million (7.7%). The
proposed effective date is October 1, 2007. This proposal is subject to public review and approval by the IPUC. A copy of
Intermountain s Application is available at the offices of both the Idaho Public Utilities Commission and the Company.
INTERMOUNTAIN INDUSTRIES, INC.
IdahO Public Utilities Commission. .
Office of the SecretaryRECEIVED
AUG 1 6 2007
EXECUTIVE OFFICES
555 SOUTH COLE ROAD. P.O. BOX 7608 . BOISE, IDAHO 83707 . (208) 377-6000 . FAX: 377-6097
Boise. Idaho
Customer Notice
On August 16, 2007, Intermountain Gas Company ("Intermountain ) filed its annual Purchased Gas
Cost Adjustment ("PGA") Application with the Idaho Public Utilities Commission ("IPUC") seeking to
decrease prices to its residential and commercial customers. This type of Application is filed each
year to ensure that the costs that Intermountain is incurring on behalf of its customers are properly
reflected in its sales prices. In its Application, Intermountain requests permission to adjust its prices
to reflect the costs it expects to incur for natural gas supplies.
William C. "Bill" Glynn , President of Intermountain Gas Company, said
, "
The short-term
natural gas supply picture is strong. This decrease reflects the downward pricing pressures on
domestic supplies of natural gas. This is due, in part, to the increased number of drilling rigs
searching for new supplies as well as increased production both from new wells and better
production techniques." Commenting further Glynn said
, "
Intermountain continues to support
changes to our national energy policy that permit additional domestic energy production both on and
off our American shore. We also remain committed to manage the purchasing and pricing of the
resources we have so as to provide this low cost energy. This effort has resulted in us not changing
the unit price for the costs associated with the delivery of natural gas to residential customers for
over 25 years.
Glynn went on to say, "We are pleased to be able to offer to our residential and commercial
customers this decrease , however, Intermountain continues to urge all its customers to be conscious
of their energy usage and use all energy wisely. Helpful tips on energy conservation and
government energy-payment assistance are provided through bill inserts, as well as on the
Company s website (www.intgas.com). We also have a number of programs to help our customers
level out their energy bills over the year, and stabilize the potential impact that cold weather will have
during periods of higher natural gas usage.
If this proposed adjustment is approved , residential customers using natural gas for heating and
water heating could experience a $6.00 decrease (8.1 %) on an average monthly bill. Those
residential customers using natural gas for space heating only could experience a $4.00 decrease
(7.5%) on their monthly bill. Commercial business customers could realize an average monthly bill
decrease of $29.00 (8.7%). Industrial customers who only use Intermountain s delivery service, but
do not purchase their natural gas from the Company, will experience an average increase of 9.5% or
$0.004 per therm delivered.
If approved as filed , the Company s total net revenue will decrease by approximately $25.4 million
(7.7%). The proposed effective date is October 1 2007. This proposal is subject to public review
and approval by the IPUC. A copy of Intermountain s Application is available at the offices of both
the Idaho Public Utilities Commission and the Company.